ADDYY Adidas

$ADDYY $NKE $ONON $1.58 × 20x is a liquidation multiple on a brand you just admitted still exists. Nike Running has grown five straight quarters over 20% in Q3 and added about $1B. Football is up. Wholesale is +6%. They took $2B+ of AF1/Dunk/AJ1 out on purpose so the new kit can sell at full price. That is why total sales look like −4% while On and Adidas are lapping a company that stopped flooding the market. China is 13% of sales. It is not the P&L. If the print tomorrow is just another managed cut with GM up and running still hot, $31.60 is the price of being early on the wrong year. Consumers are buying Nike. They’re buying the part Hill actually turned on.

Adidas announced Wednesday that it has eliminated jobs within its Technology team in India as part of an effort to simplify operations and streamline its organizational structure. The German sportswear company said the changes affect less than 20% of its India Technology organization, although it did not disclose the exact number of positions eliminated. The company’s website showed that around 650 people work across its technology centers in Gurgaon and Chennai, suggesting the affected positions represent a portion of its India-based technology workforce. Adidas did not provide further details on which roles or functions were impacted. The move comes as Adidas continues to focus on operational efficiency while maintaining investments in technology and digital capabilities. The restructuring highlights efforts by the sportswear group to adjust its workforce and simplify internal operations without providing a broader indication of changes to its overall global headcount. $ADDYY

$ADDYY We, the common people around the world, will fuck your stock up beyond recognition. Sub $20 is coming, bitches.